[SMM Morning Meeting Summary: Turbulence in the Tin Market: SHFE Tin Prices Fluctuate Amid Multiple Factors]
Last week, the tin market overall exhibited volatility and uncertainty, with SHFE tin prices experiencing significant fluctuations under the interplay of bullish and bearish factors. From the international market perspective, tin price movements, domestic supply and demand conditions, and macroeconomic data collectively influenced market trends. Specifically, the price of the most-traded SHFE tin futures contract initially rose after the New Year opening but subsequently pulled back under selling pressure, ultimately closing lower compared to the previous trading day.
On the supply side, refined tin production in December declined by 4.41%, and the approach of the Chinese New Year may lead to further production decreases. The operating rate of refined tin smelters in Yunnan and Jiangxi provinces dropped to 61.19%, indicating increased pressure on raw material supply...
![O impacto marginal dos atuais aumentos das taxas do dólar americano está enfraquecendo, e os preços do estanho se recuperaram ligeiramente em torno do centro nesta manhã [Análise do meio-dia do estanho da SMM]](https://imgqn.smm.cn/usercenter/iLVGs20251217171753.jpg)
